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This chapter defines the changes to supply chains that, by lowering short-term costs, have increased risk. It summarizes those supply chain events most likely to cause disruption to an organization. It describes how risk assessment will aid identification of critical supply chains and how to reduce the probability, and the effects, of disruption. The change management challenges you will face in implementing supply chain risk assessment and risk management are also explained. It describes how risk analysis and prioritization, using a scenario-based approach, can determine which supply chain risks you should focus on. The importance of ongoing risk monitoring and the benefits of supply chain risk management are outlined. There are also insights into the emerging risks that could affect supply chains in the future.